secwatch.observer — SEC 8-K summary
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Issuer:     Orion Properties Inc. (ONL)
CIK:        0001873923
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001873923-22-000074
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Orion Office REIT reports Q3 net loss of $53M, raises Core FFO guidance, authorizes $50M buyback
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- Total revenues $51.8M; net loss attributable to common stockholders $53.0M ($0.94 per share).
- Core FFO $24.0M ($0.42 per share); 2022 Core FFO guidance raised to $1.76-$1.78 per share.
- Sold six properties for $24.8M; agreements to sell four more for $15.9M.
- Board approved $50M share repurchase program through Dec 2025; quarterly dividend $0.10/share.
- Portfolio occupancy 88.2% with 69.9% annualized base rent from investment grade tenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1873923/000187392322000074/0001873923-22-000074-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1873923/000187392322000074/onl-20221102.htm
  HTML page:      https://secwatch.observer/filing/0001873923-22-000074

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer